Feb. 25, 26, and 27, Deb Margolin, Holly Hughes, Sherry Vine, Dael Orlandersmith, Meredith Monk, Reno and Jeff Weiss will raise a Toast! to P.S. 122, as participants in a three-night benefit for the performance space.

The event begins on Feb. 25 at 8 PM with performances by the Alien Comic, The Elementals and performance artists Margolin. On Feb. 26 at 8 PM, performers will include performance artists Hughes and Vine, Dan Froot, Sarah Skaggs Dance, Andrea Smith and Jackie Beat.

On Feb. 27, matters progress from a toast to a full-fledged party, lasting from 7 PM to midnight. Something called Salon Paradiso will feature Nicky Paradiso's piano bar and such guest lounge lizards as Monk, Reno, Weiss, Yoshiko Chuma, DD Dorvillier, Jessica Hagedorn, Carol Mullins, Mark Bennett, Brenda Cummings, Christine Donnelly, Abagail Gampel, George Emilio Sanchez, Pablo Vela and Hot Keys. Sarah East Johnson & Dancers, Hot Mouth and Manhattan Samba Group will perform and DJ Dael Orlandersmith will man the turntables throughout the night, culminating in a dance contest with a $1,000 prize.

The event will take place as P.S. 122, 150 First Avenue at 9th Street. Tickets are $20. Call (212) 477-5288 for information.

--By Robert Simonson